SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Asia Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rmn who wrote (194)12/28/1997 6:26:00 PM
From: Rational  Read Replies (1) of 9980
 
Ramsey,

There was an article by a Stanford professor posted here on Chinese system. True, the Chinese banks have a lot of bad loans (20-40%) but all those are internal. Thus, there will be no external pressure on yuan. But, the Chinese will see lower exports due to devaluation elsewhere. The Chinese are unlikely to respond to this by making a competitive devaluation because yuan is officially linked to HK$ and HK has succeeded in keeping her peg to the US$. Thus, in the long-run, Chinese will be better off keeping yuan as it is.

Sankar
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News